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Search Results 0 to 12 of about 13 (some duplicates have been removed)
PBS
Dec 31, 2012 4:30pm PST
wall street today, investors bought up stocks on high hopes of deal, after president obama said this afternoon a deal is "in sight," and positive comments from republican leaders in the senate. here's how the major averages closed on this last trading day of 2012. the dow surged 166 points, the nasdaq jumped about 60, and the s&p rose almost 24 points. while wall street has already closed the books on 2012, washington still has a few hours to go before its new year's day fiscal cliff deadline. darren gersh has the latest. >> reporter: after a weekend of late-night negotiations with the vice president, senate republican leader mitch mcconnell said an agreement on the fiscal cliff was very, very close. >> we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the tax hike that will take place in about 10 hours. >> reporter: the deal would raise the top tax rate for individuals making more than $400,000 and couples with more than $450,000 in income. itemized deductions would be limited for individuals making more than $25
PBS
Dec 24, 2012 5:00pm PST
. u.s. president barack obama has set a january deadline for proposals to deal with the gun violence. the u.s. has seen several shooting rampages this year, including the newtown school shooting which left 26 people dead. >>> international peace envoy brahimi sat down with talks with syria's president bashar assad. they tried to reach a conclusion on the syrian war, but there is no indication eyeached breakthrgh. they met in the capital damascus. they discussed the crisis and moving forward. they planned to set up an administration with government and anti-government forces. he plans to pull power from the assad administration to a new government. but the opposition wants to overthrow the assad administration and the government regards the opposition as terrorist. >>> two insider attacks in afghanistan have rattled the international security forces. an afghan policewoman shot and killed a u.s. contractor in the capital kabul. the victim was a security consultant for the police. other officers detained the woman at the scene. her motive is unknown. another afghan police officer opened
PBS
Dec 28, 2012 5:30pm PST
deal, president obama stated his terms face-to-face to top republicans and democrats. >> congressional leaders arrive ted white house this afternoon for their first group meeting with the president since november 16th. vice president biden and treasury secretary timothy geithner also attend. but there was little to suggest the makings of an 11th hour bargain. a source familiar with the meeting told the newshour its president is sticking with his offer from last friday. it included keeping the bush era tax break force the middle class but raising tax rates on incomes over 250,000 dollars a year. president also wants to extend unemployment benefits for some 2 million americans who will lose them in the new year. and a proposal would delay any spending cuts. the president asked for an up or down vote on his plan unless there is a counter proposal that will pass both the house and senate. a little more than an hour after the meeting began, several participants were seen leaving. >> and back at the capital the senate's democratic majority leader harry reid and republican m
PBS
Dec 31, 2012 10:00pm PST
dush -- weekend of tense negotiations vice president joe biden had spent sunday dealing directly with the senate's republican minority leader mitch mcconnell. and those contacts continued today. by early this afternoon amid reports of progress, president obama emerged in a campaign style setting. >> today it appears that an agreement to prevent this new year's tax hike is within sight. but it's to the done. there are still issues left to resolve. but we're hopeful that congress can get it done. but it's not done. >> it was widely reported that the deal would include making the bush era tax cuts permanent for families with incomes under $450,000 a year. for households making more than that amount, rates would rise from the current 35% to 39.6%. the agreement would also raise the estate tax. in addition, unemployment benefits would be extended for one year. otherwise some 2 million americans face the end of their benefits beginning in january. on the senate floor shortly before midafternoon, minority leader mcconnll confirmed that the stalemate on taxes appeared to be over. >> i ca
PBS
Dec 31, 2012 9:00pm PST
generation, two generations mortgaged to the eyeballs, man. we've got to figure out a way to deal with student loans and the proliferation of these loans. that wouldn't be a bad place to start, you know? i mean, there are whole eas that i wouldn't mind seeing obama put his stamp on. >> let's talk about your own story. you came to new jersey from santo domingo when you were six. your parents come with you? >> yes. my father was already here. my father had left in '69, a year after i was born, working in new york city. and then in '74, five years later, the rest of the family, me and my siblings and my mother joined him. we all moved to new jersey. >> and how did they support you? what were they doing? >> my father was a forklift operator. my mom had five kids, so you can image that was her full-time job and her hobby. and that was how it all began. my dad driving forklift up in elizabeth, new jersey. and us going to school. and my mom sort of trying to make it all happen in the house. >> what did they want you to do? >> oh my god, i mean, immigrant, conservative family, and a kid w
PBS
Dec 28, 2012 4:30pm PST
more tonight on "n.b.r."! president obama says he's "modestly optimistic" a fiscal deal can be reached in time. he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a white house meeting today with congressional leaders that ended with no deal. ahead of that, investors lost hope lawmakers can come together in the time remaining. in the last few minutes of trading, stocks sold off. the dow tumbled 158 points, the nasdaq lost 25, and the s&p fell over 15 points. here's darren gersh with more on the critical work that has to get done in washington this weekend. >> port: thpresident declared himself modestly optimistic congress could still reach an agreement to head off huge tax hikes on january first, but he also warned lawmakers to get their work done. >> the american people are not going to have patience with a self-inflicted wound on the economy. >> reporter: senate republican leader mitch mcconnell called the white house meeting a good one and he told his fellow republic
PBS
Dec 24, 2012 10:00pm PST
quickly right after another election ends. remember dough dealt with some of this after 2008 when obama was going to the senate a lot to appoint people to his cabinet, dealing with a lot of fallout then as well. sometimes it happens, when president switching terms but it's very rare to have this much political activity so soon after november 2012. >> ifill: thank you both very much. tomorrow we'll talk with christina about shifting political landscape in illinois. south carolina again and new jersey. >> brown: next, the story of a catholic priest's journey as a doctor ministering through 25 years of haiti's recent history. fred de sam lazaro has the latest in our "agents for change" series. a version of this report aired on the pbs program, "religion and ethics newsweekly." >> brown: for 25 years, father rick, defined and redefined through crisis and even catastrophe. he came to this impoverished caribbean nation in 1987 after a few years in mexico and honduras to expand the mission of his catholic religious order. >> we came in fact to set up what we do everywhere, which is home and sc
PBS
Dec 26, 2012 4:30pm PST
worst holiday season in four years, we talk with a top retail analyst. president obama and congressional leaders cut their vacations short, to deal with fiscal cliff negotiations. they have five days to make a deal. and housing continues to be the bright spot in the u.s. economy: home prices post their biggest advance in two years. that and more tonight on "n.b.r."! christmas may be over, but the holiday shopping season continues. many consumers hit the malls today to return gifts and buy what they really wanted. and this is the time many gift cards get redeemed. but for retailers, holiday sales so far have been a flop. sales in the two months leading up to christmas, rose just 0.7%, according to mastercard advisors that tracks the numbers. that's way below what the retail industry was predicting. erika miller spoke with retail expert dana telsey and began by asking what happened. >> i think there were a confluence of events, extra long season. hurricane sandy. tragedy in ct. >> none of the events out there were feel good factor events. it was all for consumer morale. >> wh
PBS
Dec 26, 2012 10:00pm PST
: president obama heads back to washington tonight, as house republicans call on the senate to come up with a plan to avert the fiscal cliff. with prospects still murky for a deal before year's end, what can government workers, wall street investors and taxpayers expect if lawmakers miss the deadline? for that, we turn to stacy palmer, editor of the chronicle of philanthropy. jackie simon, public policy director of the american federation of government employees. and hugh johnson, who runs an investment and advisory firm in albany, new york. you all represent different constituencies. i want to start with you, jackie. -- sorry, i want to start with you, stacy, and talk about philanthropy. this is the end of the year when people are making their decisions abouthether they're going to get tax breaks or who they're going to give to. are people looking at the fiscal cliff and saying "i don't know"? >> absolutely. people are uncertain as to whether there's going to be a charitable deduction next year, things like the estate tax will change. so it's a rocky time. so some people are giving mo
Search Results 0 to 12 of about 13 (some duplicates have been removed)